Bitcoin vs Optimism
Bitcoin and Optimism are two popular blockchains. In this article we'll compare them across a variety of metrics. Both blockchains have their own strengths and weaknesses, and we'll explore them below.
Table of Contents
Comparing Metrics
| Bitcoin | Optimism | |
|---|---|---|
| Created by | Satoshi Nakamoto | Jinglan Wang, Benjamin Jones, Karl Floersch, and Kevin Ho |
| Native token | BTC | OP |
| Consensus algorithm | PoW | PoS |
| Hashing algorithm | SHA-256 | KECCAK-256 |
| Supports EVM | No | Yes |
| TPS | 5 | 4000 |
| Block time (secs) | 600 | 2 |
| Layer | 1 | 2 |
| Supports smart contracts | No | Yes |
| Average transaction fee | $5.0973 | $0.141 |
| Staking rewards (APR) | 0% | % |
High-level Comparisons
Is Bitcoin faster than Optimism?
No, Bitcoin only processes 5 transactions per second. Optimism processes up to 4000.
Is Bitcoin cheaper than Optimism?
No, Bitcoin has an average transaction fee of $5.0973, whereas Optimism costs $0.141.